CS Disco, Inc. (NYSE:LAW) CFO Sells $68,227.74 in Stock

CS Disco, Inc. (NYSE:LAW - Get Free Report) CFO Michael Lafair sold 13,146 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total transaction of $68,227.74. Following the completion of the sale, the chief financial officer now directly owns 865,793 shares of the company's stock, valued at $4,493,465.67. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CS Disco Stock Performance

Shares of NYSE:LAW traded up $0.24 during trading on Friday, hitting $5.24. The company's stock had a trading volume of 431,070 shares, compared to its average volume of 132,285. CS Disco, Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $8.57. The stock's 50-day moving average price is $5.14 and its two-hundred day moving average price is $5.53. The company has a market capitalization of $313.93 million, a PE ratio of -8.73 and a beta of 2.06.

CS Disco (NYSE:LAW - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. The business had revenue of $37.00 million during the quarter, compared to analyst estimates of $36.03 million. On average, equities analysts predict that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd bought a new position in shares of CS Disco during the fourth quarter worth about $43,000. R Squared Ltd bought a new position in CS Disco during the 4th quarter worth approximately $47,000. Virtu Financial LLC acquired a new position in shares of CS Disco in the 4th quarter worth approximately $54,000. Meeder Asset Management Inc. increased its holdings in shares of CS Disco by 50.7% in the 4th quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company's stock valued at $54,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of CS Disco during the 4th quarter valued at approximately $55,000. 58.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LAW has been the subject of several analyst reports. Jefferies Financial Group decreased their target price on CS Disco from $6.00 to $5.50 and set a "hold" rating for the company in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.00 price objective on shares of CS Disco in a research report on Friday.

About CS Disco

CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.